Khalifa Fund signs $25 million agreement to support SMEs in Niger

Abu Dhabi Chairman of the Khalifa Fund for Enterprise Development Hussain Jasim Al Nowais and Nigerien Minister of Trade and Private Sector Development Saadou Sidou signed a $25 million agreement aimed at providing support for micro, small and medium-sized enterprises (SMEs) in Niger.

This came during a visit by Al Nowais to the West African nation, where he met with President Mahamadou Issoufou, who said the agreement will positively impact his government’s plan for sustainable development and economic diversification, which are vital to the economic stability in the country.

President Issoufou also extended his thanks and appreciation to Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan for his keenness to enhance the cooperation between both countries.

The agreement will help Niger in its economic development efforts towards promoting a culture of entrepreneurship and supporting SMEs, Al Nowais said, stressing that the agreement will provide creative and innovative young people in Niger with an opportunity to use their skills and talents to improve their lives and contribute to the country’s economic growth.

Source: International Islamic News Agency